CIMB Bank buys 16 properties from Malaysian EPF for RM209.81M, set to complete by Q1 2026.

CIMB Bank, a subsidiary of CIMB Group Holdings, will purchase 16 properties from the Malaysian Employees Provident Fund (EPF) for RM209.81 million in cash. The properties were previously leased by CIMB Bank under a lease agreement set to expire in June 2025. The transaction, expected to be completed by the first quarter of 2026, also includes an option for CIMB to repurchase the remaining eight properties if the EPF fails to sell them to third parties. This acquisition aims to benefit CIMB Bank's financial strategy in 2025.